Preestablished harmony: The Japanese government's demand for Japanese government bonds

Date

2012

Authors

Onji, Kazuki
Kameda, Keigo
Akai, Nobuo

Journal Title

Journal ISSN

Volume Title

Publisher

Elsevier

Abstract

The Japanese government is heavily indebted but the yield on the Japanese government bond (JBG) remains low to date. We hypothesize that the presence of the Japanese government as a large stable investor of JGBs exerted a stabilizing influence on private

Description

Keywords

Keywords: Public debt management; Sovereign debt; VARMA

Citation

Source

Japan and the World Economy

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

Restricted until

2037-12-31